It has, sadly, become "The Penn State Way"
Obviously, the Franklin contract, given the dollars involved and the high-profile nature of the job, is the one that grabs the headlines. Obviously.
But Sandy Barbour herself received a five-year guaranteed deal a while back - at around $9-10 million total, which may have been the most expensive ever for an AD, anywhere in the country, at that time.
Outgoing President Barron got, if I recall correctly, a four-year extension, at a salary that probably placed him among the top 4 or 5 in the country. And neither of them had a single item that could be listed as "Outstanding Performance on the Job" on their resume.
Even the newly hired President, Bendapudi, was signed at somewhere in the area of $1.5 million per year - if that is correct that would place her among the top 5 in the nation, I think - for a resume that would certainly not support that level of compensation. And if that contract is not technically guaranteed (I am not sure about that) it is effectively guaranteed - given the history of how Penn State has been operating ("If you are a highly-compensated, high-level administrator, you can stay as long as you want, be paid as much as you want, regardless of your competency").
It is what it is, obviously.